Summit Financial LLC Sells 82,808 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Summit Financial LLC lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,503 shares of the exchange traded fund’s stock after selling 82,808 shares during the quarter. Summit Financial LLC owned approximately 0.07% of iShares 20+ Year Treasury Bond ETF worth $32,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Investment Advisors MI acquired a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth about $27,000. Smartleaf Asset Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the third quarter valued at about $33,000. Trust Co. of Vermont boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 90.5% during the fourth quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Stone House Investment Management LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 1,066.7% during the fourth quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 352 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the third quarter valued at about $35,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.2%

Shares of TLT stock opened at $85.77 on Friday. The business’s 50-day moving average price is $85.70 and its 200-day moving average price is $87.23. iShares 20+ Year Treasury Bond ETF has a 12 month low of $82.77 and a 12 month high of $92.18. The firm has a market capitalization of $42.68 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.3358 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st.

About iShares 20+ Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.